DislikedI caught the trend in 1hr too but off the doji. I was looking at the next hour when it suddenly drop like a stone and created the bullish engulfing. I just jumped in. I jumped in because in 4 hr, it's really just a down trend.
This whole month, just riding the downtrend makes a lot of pips. I only started paper trading since Feb. April is ridiculously profitable. but......there is a very big concern now.
looking back at my trades, most of them are profitable because I ride the trend. How do we tell when the trend is really reversing and going...Ignored
I thought I answered this but my inserted answers were cut off...
If we all knew when a trend was reversing we would all be gazillionaires....
For me it's, simply letting the chart tell me when the trend has changed. If I am long or short and get stopped out then that might be the first clue. If the two lower moving averages cross, then there is another clue. If those then cross the 89..or all the moving averages start to converge...the list goes on. You have to let the chart tell you. You can only pick a point in time when the trend changes....after the fact.
I think trendlines are the best indicator for that along with what the longer timeframe is telling you. If you want me to throw a wrench in all of this....here it is...don't read it if you want to enjoy your weekend...I'll try to hide it in some ambiguous text characters...$##$#@%thetrend##@(*%willalways##$@$@changefirst@*^*#onthe#*^lower%(&&#timframe#@%)@thenwhat*#^$youare#$^#&&*(^#currentlywatching#&$%#*%...ok i warned you